Oil Prices Fall on Yemen Ceasefire Report By Investing.com

© Reuters.

Investing.com — Crude oil prices tumbled on Friday after The Wall Street Journal reported that Saudi Arabia had agreed to a partial ceasefire in Yemen, where its forces have been leading a coalition against Houthi rebels since 2015. The news appears to reduce the risk of further military action between Saudi Arabia and its allies on the one side, and the Houthis and their backers in Iran on the other side. Saudi Arabia had blamed Iran for the drone and missile strikes that partially disabled key Saudi oil infrastructure earlier this month.

  • U.S. futures fall to $55.66 a barrel by 6:40 AM ET (1040 GMT), compared to $56.44 a barrel beforehand.
  • oil futures fall to $61.24 a barrel, from $62.58 beforehand.
  • Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

    Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

    Source link

    Leave a Reply

    Your email address will not be published. Required fields are marked *